Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTransense Regulatory News (TRT)

Share Price Information for Transense (TRT)

Share Price is delayed by 15 minutes
Get Live Data
55.50    -0.50 (-0.89%)
Bid:
55.00
Ask:
56.00
Spread: 1.00 (1.818%)
Market Cap: £8.45m
TRT Live PriceLast checked at - London Stock Exchange

Intraday Transense Share Chart

New Translogik iTrack Contract Win

8 May 2018 07:00

RNS Number : 2606N
Transense Technologies PLC
08 May 2018
 

Transense Technologies plc

("Transense" or the "Company")

New Translogik iTrack Contract Win in new Territory

 

Transense Technologies plc, the provider of sensor systems for the transportation and industrial markets, is pleased to announce that Translogik, its trading division providing tyre management solutions, has won a contract through its Ghanaian partner WATS (West African Tyre Services) to supply 16 iTrack II mining tyre monitoring systems for large haul trucks at SOMITA, a Nordgold mine in Burkina Faso.

These systems are to be supplied on a rental and service basis via WATS, which is a wholly owned subsidiary of Rana Motors & Metal Works Engineering Company Ltd. This method allows mining companies to benefit from the productivity gains and overhead savings provided by using the system without any of the associated capital cost while providing Translogik with a recurring revenue stream.

Vibi Chandra, Director, Sales & Services Director, OTR Tyres, WATS, said: "Having conducted extensive trials over the course of the last 18 months we have chosen iTrack because its combination of live alerts and extensive suite of data analytics is crucial to enhancing our offering as Tyre Service Providers. West Africa is a region with dozens of mines and hundreds of haul trucks and it is our intention to introduce our new enhanced service to our existing portfolio of mines as well as other mines across the region. We know these mines are very interested in the significant advantages we are now able to offer and we fully expect further advances and new contracts in the future."

 

Graham Storey, CEO of Transense, said: "We are very pleased to have added another mine in a new region to our growing list of iTrack users. WATS are a well established and highly regarded Tyre Service Provider in West Africa and with their depth of contacts we are hopeful of an accelerated rate of adoption as we move forward."

 

For further information, please visit www.transense.co.uk or contact:

 

Transense Technologies plc

Graham Storey, Chief Executive

 

Tel: +44 1869 238 380

finnCap (Nomad and Broker)

Ed Frisby, Giles Rolls (Corporate Finance)

Abigail Wayne, Camille Gochez (Corporate Broking)

 

Tel: +44 20 7220 0500

Notes to editors:

About iTrack II

The iTrack II Mining system provides fast, accurate, reliable real-time data on the condition of the tyres, combined with live tracking of vehicle location and status. Our 24/7 Control Room monitors the pressures and temperatures live, and this information can, for example, be used to ensure tyres do not exceed critical heat thresholds, detect incorrect load distributions, predict suspension failures, eliminate manual tyre pressure checks and much more. All of these benefits increase health and safety as well as reducing maintenance and downtime, which maximises the hours a truck is working (On-Road Truck Working Hours), which directly correlates to an increase in production.

Existing iTrack users have reported increases in tyre life of up to 30% and fuel savings of up to 3%. Savings of this magnitude provide a rapid return on investment with the iTrack system paying for itself in a matter of months and where the rental option is chosen the system will pay for itself from day one.

www.trans-logik.com/itrack-2/

 

About WATS

WATS is a leading provider of earthmover/off-the-road tyre management services to the mining industry. Their credentials are based on a proven ability to reduce the cost of earthmover tyre operation for major open-pit miners while maximising production and enhancing safety. Advanced engineering systems and innovative maintenance, analysis and reporting technologies combine to consistently reduce client tyre costs, typically by 20% or more. As an independent technical adviser and service provider to mining companies in West Africa WATS has established an impressive track record.

 

http://www.watsltd.com/

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTFKODQPBKDBPK
Date   Source Headline
13th May 20267:00 amRNSGrant of Options
6th May 20267:00 amRNS-RLaunch of high-pressure tyre inspection tool
27th Apr 20263:00 pmRNSDirector/PDMR Shareholding - acquisition of shares
24th Apr 20261:25 pmRNSDirector/PDMR Shareholding - acquisition of shares
22nd Apr 20267:00 amRNS-RSAWsense investment to accelerate scale-up
8th Apr 202612:06 pmRNSHolding(s) in Company
13th Mar 202611:12 amRNSDirector/PDMR Shareholding - acquisition of shares
13th Mar 202611:12 amRNSDirector/PDMR Shareholding - acquisition of shares
13th Mar 20267:00 amRNSAward of major APC-backed project with Cummins
13th Mar 20267:00 amRNSAward of major APC-backed project with Cummins
17th Feb 20267:00 amRNSInterim Results
11th Feb 202610:22 amRNSHolding(s) in Company
9th Feb 20264:49 pmRNSHolding(s) in Company
2nd Feb 202612:36 pmRNSHolding(s) in Company
30th Jan 20267:00 amRNSTrading update and notice of interim results
12th Dec 20257:00 amRNSHolding(s) in Company
26th Nov 20259:04 amRNSResult of AGM
25th Nov 20257:00 amRNSAGM Statement and Trading Update
4th Nov 20257:00 amRNS-RLaunch of Translogik TLGi Smart Tyre Inflator
29th Oct 20259:00 amRNSPosting of Annual Report & Notice of AGM
23rd Sep 20257:00 amRNSFinal Results
12th Sep 20257:00 amRNSNotice of Results
4th Sep 20257:00 amRNS-RProducts update
28th Jul 20253:20 pmRNSTR-1
21st Jul 20253:28 pmRNSDirector/PDMR Shareholding - acquisition of shares
17th Jul 20257:00 amRNSTrading Update
11th Jun 20255:45 pmRNSHolding(s) in Company
21st May 20253:52 pmRNSTR - 1
21st May 20257:00 amRNSDirector/PDMR Shareholding - acquisition of shares
20th May 20257:00 amRNSStrategic US Packaging Collaboration
7th Apr 20253:13 pmRNSHolding(s) in Company
27th Mar 20252:28 pmRNSHolding(s) in Company
21st Mar 202511:38 amRNSHolding(s) in Company
12th Mar 202510:28 amRNSHolding(s) in Company
12th Mar 20257:00 amRNSDirector/PDMR Shareholding - acquisition of shares
4th Mar 202512:26 pmRNSHolding(s) in Company
4th Mar 20257:00 amRNSDirector/PDMR shareholding - acquisition of shares
3rd Mar 20257:00 amRNS-RContract with Logistics UK
25th Feb 202512:02 pmRNSDirector/PDMR shareholding - acquisition of shares
18th Feb 20253:16 pmRNSDirector/PDMR shareholding – acquisition of shares
18th Feb 20257:00 amRNSInterim Results & Investor Presentation
14th Feb 20257:00 amRNSStrategic Partnership with Haltec Corporation
22nd Jan 20257:00 amRNSTrading Update
20th Jan 20251:30 pmRNSAIM Rule 17 Schedule Two (g) update
8th Jan 20251:52 pmRNSDirector/PDMR shareholding – acquisition of shares
17th Dec 20245:02 pmRNSHolding(s) in Company
4th Dec 202411:43 amRNSHolding(s) in Company
28th Nov 202411:24 amRNSHolding(s) in Company
27th Nov 20245:18 pmRNSResult of AGM
27th Nov 20247:00 amRNSAGM Statement and Trading Update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.